Near Monies

question 126

Multiple Choice

Near monies

• A)include all financial and real assets that can be easily converted into currency.
• B)are certain highly liquid financial assets that do not function directly as a medium of exchange but can be readily converted into M1.
• C)are excluded from M2 because they are highly liquid.
• D)are defined as monetary balances that are immediately available, at zero cost, for household and business transactions.